dc.contributor.author | O'Brien, Jonathan | |
dc.contributor.author | Sasson, Amir | |
dc.date.accessioned | 2017-08-29T12:44:43Z | |
dc.date.available | 2017-08-29T12:44:43Z | |
dc.date.created | 2017-08-28T09:23:15Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Journal of Business Research. 2017, 81, 118-129 | nb_NO |
dc.identifier.issn | 0148-2963 | |
dc.identifier.issn | 1873-7978 | |
dc.identifier.uri | http://hdl.handle.net/11250/2452246 | |
dc.description | The accepted and peer reviewed manuscript to the article | nb_NO |
dc.description.abstract | Access to debt can be crucial for entrepreneurs who need capital. Embedding economic ties within a social relationship with the debt provider can ensure capital availability and attenuate opportunism. However, such a relationship requires substantial investments in time and effort. We advance a solution to this entrepreneurial conundrum by proposing a contingency theory which prescribes aligning the fundamental transactional properties (i.e., asset specificity, uncertainty and frequency) with the nature of the entrepreneur-bank relationship (i.e., embedded versus arm's length). Our theory predicts that transactional properties affect the optimal governance of the entrepreneur-bank relationship, and that social embeddedness can transform what looks like a market transaction (e.g., a debt transaction) into a hybrid form of governance more akin to a hierarchy. Using a sample of small businesses in the U.S., we find that congruence between the optimal governance structure and the actual governance structure results in higher firm performance | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Elsevier | nb_NO |
dc.relation.uri | http://www.sciencedirect.com/science/article/pii/S0148296317302722 | |
dc.title | A contingency theory of entrepreneurial debt governance | nb_NO |
dc.type | Journal article | nb_NO |
dc.type | Peer reviewed | nb_NO |
dc.description.version | acceptedVersion | nb_NO |
dc.source.pagenumber | 118-129 | nb_NO |
dc.source.volume | 81 | nb_NO |
dc.source.journal | Journal of Business Research | nb_NO |
dc.identifier.doi | http://dx.doi.org/10.1016/j.jbusres.2017.08.011 | |
dc.identifier.cristin | 1488931 | |
dc.description.localcode | 1, Forfatterversjon | nb_NO |
cristin.unitcode | 158,8,0,0 | |
cristin.unitname | Institutt for strategi | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 2 | |